ISLA MABAD - China has announced to extend financial assistance of $410 million for the rehabilitation and reconstruction of flood-affected areas in Pakistan, besides providing disaster foreseeing and management technology. Chinese Prime Minister Wen Jiabao made this announcement during a briefing given by National Disaster Management Authority (NDMA) here Saturday. Besides Premier Syed Yousuf Raza Gilani, the other noted govt functionaries were also present on the occasion. Chinese Prime Minister said Pakistan was a time-tested and strategic partner of China, adding, "We will continue to play our due role for the development of Pakistan." China would cooperate with Pakistan for coordinating disaster management system and revival of Karkoram Highway, he said, adding a team of Chinese experts would soon be dispatched to Pakistan for undertaking work to secure Attaabad Lake. China would extend full cooperation for reconstruction of floods-ravaged areas and restoration of infrastructure, he further said. Giving the briefing to Chinese Premier, Chairman NDMA, Nadim Ahmad, told that Pakistan reconstruction of flood-hit areas would take at least five years. The initial relief work would be completed in the next two months while rehabilitation work would take one year more, he pointed out. About Rs 24 billion had been distributed among the affectees so far under Wattan Card Scheme, he told. He gave detailed briefing to Chinese Premier on the steps taken for the rehabilitation of flood victims and reconstruction of flood-hit areas.